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Shares of Wells Fargo & Co Rank the Lowest in Terms of Forward P/E Ratio in the Diversified Banks Industry (WFC, C, BAC, USB, JPM)

By David Diaz

Below are the three companies in the Diversified Banks industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Wells Fargo & Co ranks lowest with a a forward P/E ratio of 9.47. Citigroup Inc is next with a a forward P/E ratio of 10.82. Bank Of America ranks third lowest with a a forward P/E ratio of 11.76.

Us Bancorp follows with a a forward P/E ratio of 12.57, and Jpmorgan Chase rounds out the bottom five with a a forward P/E ratio of 13.95.

SmarTrend recommended that subscribers consider buying shares of Jpmorgan Chase on October 15th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $119.73. Since that recommendation, shares of Jpmorgan Chase have risen 14.2%. We continue to monitor Jpmorgan Chase for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest forward p/e ratio wells fargo & co citigroup inc Bank of america us bancorp JPMorgan Chase

Ticker(s): WFC C BAC USB JPM